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Crypto

XRP Consolidates at $1.40 Ahead of Potential Breakout

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XRP
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XRP's price action has been consolidating around $1.40 after a strong spike yesterday failed to break through a formation.

The Relative Strength Index (RSI) currently sits at 53, indicating that the bulls still have positive momentum on their side.

If XRP can manage to stay above the $1.32 former resistance area, analysts believe it should resume its upward trajectory soon.

A breakout of the token's flag pattern would confirm this prediction and potentially lead to higher targets for XRP.

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